UK:
Market Abuse: Government Review Into The Operation Of Wholesale Financial Markets
01 August 2014
Shearman & Sterling LLP
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On 12 June 2014, HM Treasury, the Bank of England and the FCA
announced the Fair and Effective Financial Markets Review, a review
into the way wholesale markets operate. The review will consider
and recommend, among other things:
- principles to govern the operation of fair and effective
financial markets (taking account of existing rules and
regulations);
- reforms to ensure standards of behaviour for firms within those
markets are in accordance with those principles; and
- tools to strengthen the oversight of market conduct within both
regulated and unregulated markets.
A final report will be issued in June 2015.
The press release for the review is available at:
https://www.gov.uk/government/news/fair-and-effective-markets-review-announced-by-chancellor-of-the-exchequer
The terms of reference for the review are available at:
https://www.gov.uk/government/publications/fair-and-effective-markets-review-terms-of-reference/fair-and-effective-financial-markets-review-terms-of-reference
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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